Ontario set to lay out how it will procure marijuana for recreational sales

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, Ontario set to lay out how it will procure marijuana for recreational sales

Licensed marijuana producers from across Canada are scheduled to sit down next week with Ontario government representatives to learn more details on how they can get their products in provincially owned MJ stores.

With adult-use legalization in Canada looming this summer, Ontario will be the largest market for recreational cannabis.

At Tuesday’s meeting, the Ontario Cannabis Retail Corporation (OCRC) will provide key information and guidance on how it will procure recreational marijuana products for sale online and in its 40 stores across the province.

The invitation to the gathering was shared with Marijuana Business Daily by a source who asked to remain anonymous.

The meeting also is expected to focus on operational and logistical factors.

Insiders expect the OCRC’s cannabis-procurement process to be similar to how the Liquor Control Board of Ontario, the OCRC’s parent company, procures alcohol for sale at its 650 locations.

It’s unclear how much adult-use cannabis the OCRC plans to secure.

Quebec recently entered into multiyear agreements with six licensed producers for 62,000 kilograms of cannabis for the first year of legalization. New Brunswick and Prince Edward Island also signed six supply deals.

Ontario has by far the most licensed producers in Canada, with 48 of 89 cultivators based in the province.

The OCRC didn’t immediately return queries from Marijuana Business Daily.

Matt Lamers can be reached at mattl@mjbizdaily.com

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